Alramz Real Estate established a Shariah-compliant fund of more than SR3.6bn, managed by SNB Capital, with Alramz holding 100% of the units. The vehicle covers a 90,000+ sqm site in Al Raed district, Riyadh. 2,505 residential apartments plus commercial space, on a development contract worth roughly SR1.2bn, with 10% development fees and 2.5% marketing fees over an approximately five-year term.
2,505 units delivered into a market where new residential mortgage lending has roughly halved year on year. The build is a five-year bet that the financing side normalises well before handover, and that is the assumption to interrogate, not the design.
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Locals bought what foreigners sold
Foreign investors sold a net $2.3 billion of GCC stocks in Q3 2026, the largest quarterly outflow since records began in 2019, Kamco Invest said; in Saudi Arabia, local investors switched to net purchases of SAR 5.6 billion from net sales of SAR 5.8 billion in the previous quarter, led by institutions with SAR 5.9 billion of net buying.
Local investors shifted from selling SAR 5.8 billion to buying SAR 5.6 billion. If you manage investor relations at a Saudi-listed company, consider focusing more on domestic fund managers this quarter.
Expo signs its first venture
Expo 2030 Riyadh signed a SAR 3.2 billion joint venture agreement with Mohammad Al Habib Real Estate Co. to develop and deliver "Expo Village," an integrated residential community and the organiser's first joint venture. The project will comprise 2,300 residential units for about 5,500 residents, directly connected to the Expo 2030 Riyadh site via Expo Station, King Khalid International Airport and Riyadh's transport network.
By choosing a SAR 3.2 billion joint venture instead of a standard construction contract, Expo 2030 Riyadh is sharing development risk with a partner rather than just purchasing a completed building. This approach suggests the village is designed to last beyond the event.
Fifty-seven studies, twelfth session
The Riyadh Economic Forum will hold its 12th session on 12–14 October 2026 at the Riyadh International Convention and Exhibition Center, with ministers, public and private sector specialists, academics and business owners participating. The forum has presented more than 57 economic studies over its history, many of which became government initiatives and decisions.
if you want policy input rather than policy news, October is the window. Submissions and positioning happen before the session, not during it, so start now.
